Source: Allied Copper
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  • Allied Copper Corp. (CPR) announced that crews will be mobilizing to the Klondike property in Colorado in mid-July to complete its first modern drill test
  • A five-hole C$1.25 million program is planned to test three target areas for a total of 1,000 metres of drilling
  • Two holes are planned to test the depth potential and follow up a 4.6 metre chip sample that averaged 1.56 per cent copper and 1.4 g/t silver in 2021 sampling
  • The share price of Allied Copper Corp. (CPR) remains unchanged at $0.095 as of 2:30 pm ET

Allied Copper Corp. (CPR) announced that crews will be mobilizing to the Klondike property in mid-July to complete its first modern drill test.

A five-hole C$1.25 million program is planned to test three target areas for a total of 1,000 metres of drilling. Site and logistical preparation will be completed prior to the drill arriving by late July.

Two holes are planned for the Northeast Fault target to test the depth potential and follow up a 4.6 metre chip sample that averaged 1.56 per cent copper and 1.4 g/t silver in 2021 sampling.

One hole will test the East Graben Fault at depth, where surface grab samples returned 2.8 per cent copper with 37.8 g/t silver. Two holes will test the West Graben Fault, following up 2021 sampling that returned 6.23 per cent copper.

Source: Allied Copper Corp.

Allied Copper’s Chairman, Warner Uhl called turning the drill bit at Klondike a major event that shareholders, management, and board have been looking forward to since the acquisition of the asset.

“Three excellent targets exist at the Northeast Fault, West Graben, and East Graben areas, each of which shows multi-kilometre strike length potential for copper mineralization. This first phase of drilling is designed to make an initial test of each of the three targets. Following phase one, Allied will have approximately C$2.25 million in treasury for follow-on drilling and corporate activities.”

The Klondike Property consists of 76 unpatented mining claims, a State of Colorado Exploration Permit, and an exclusive right to a State lease.

Allied Copper is a mineral exploration company focused on acquiring and developing potential long life, scalable copper and/or gold assets in the Western U.S.

The share price of Allied Copper Corp. (CPR) remains unchanged at $0.095 as of 2:30 pm ET.

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